draw

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draw

(1) A request that a lender advance funds under a construction or other future-advances loan.

(2) A periodic request by a contractor or subcontractor for a portion of the contract price for a job, usually according to the percentage of completion of the work and the cost of materials and labor.

References in periodicals archive ?
Hosni also drew fire in Egypt after telling an Israeli newspaper he was prepared to visit the Jewish state.
The results covered a year in which management drew fire from the National Audit Office for "excessive" windfalls when the business was floated in 2006.
Although the decision initially drew fire, it has been proven that the two countries have shown foresight, Fillon said, adding bilateral cooperation will be a key to the success of the Rokkasho project.
The franchise flaunts its progressive record on race and ethnicity, from signing Jackie Robinson, the first black major-leaguer of the modern era, in 1947; to firing Campanis, the general manager who drew fire for his 1987 comments on minorities' executive potential; to its early, aggressive scouting in the Caribbean and Asia.
Dean drew fire on February 15 from a number of political pundits and leaders when he released the DNC's annual Grassroots Report, which contained no mention of outreach to LGBT people.
During his previous visit to Japan in April 2005, the Dalai Lama met with lawmakers of the inter-party Diet members' league on Tibetan issues, which drew fire from China.
But the comments drew fire from Mr Cheney and his wife Lynne, who accused Senator Kerry of a 'cheap and tawdry political trick'.
When it was unveiled in Washington, Hi drew fire from reporters on the State Department beat for its conspicuous failure to cover pressing concerns of U.